Google News article A $1 million solar system can cost more than a third of a million dollars, according to an analysis from the solar company SolarCity.
The cost of a $2.5 million solar installation will be $1.4 million.
“It’s going to be expensive to get all of those people to use it, but it’s cheaper to have them all use it,” said SolarCity President and CEO Jeff Kvamme.
“SolarCity’s mission is to make the solar power system a viable alternative to traditional energy sources.”
“The technology is already here and we have been building them for a while,” said John Daley, chief technology officer for SolarCity, which is based in Palo Alto, California.
The SolarCity SolarCity logo is seen in this photo illustration taken on February 25, 2020.
The company said it was estimating the costs of solar systems at $3.5 to $5 billion.
But Kvampes said the solar industry’s ability to scale and deliver the cost of solar was “shocking.”
“There’s a lot of technology out there that’s already out there,” he said.
The solar industry has struggled in recent years as a result of the solar price wars, as companies like SolarCity and others have struggled to keep up with the demand for electricity from the sun.
The price wars have forced companies like Tesla to build solar power plants that produce little or no electricity.
The government is also taking a closer look at how solar power systems work, particularly as the cost to install them rises.
The Obama administration is proposing new rules that would require utilities to build power plants in solar-dominated regions to be solar-powered.
The regulations will be published on Thursday by the Federal Energy Regulatory Commission, and will include requirements for utilities to get financing for the power systems and ensure they meet emissions-reduction goals.
The rules will also require that the electric system be solar powered.
“We’re going to have to get this into practice as fast as we can, and that’s really a matter of urgency,” Daley said.
“These regulations are coming very soon.”